MacPhail Corporation Manufactures and Sells a Single Product

question 91

Multiple Choice

MacPhail Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During April, the company budgeted for 5,600 units, but its actual level of activity was 5,650 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for April:

Data used in budgeting:

Actual results for April:
-The spending variance for manufacturing overhead in April would be closest to:

• A)$875 F
• B)$970 U
• C)$970 F
• D)$875 U

Understand the factors influencing dropout rates from exercise programs.

Comprehend the stages of the transtheoretical model and their application to health behaviors.

Recognize the health risks associated with excessive fat and specific dieting patterns.

Appreciate the role of aerobic exercise and physical activity in reducing health risks.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service supplied matches the quantity demanded, leading to market balance.

Competitive Price-Taker

A firm or individual that has no influence over the market price and must accept the prevailing market price for its product or input.

Profit

The financial gain made in a transaction or operation, calculated as the difference between the revenue earned and the costs incurred.

Competitive Price-Taker

A company that lacks the authority to influence the market price and is therefore compelled to agree to the existing market price for its goods.